Rollback tax rate definition
Rollback tax rate means the rate that will produce last year’s maintenance and operation tax levy (adjusted) from this year’s values (adjusted) multiplied by 1.08 plus a rate that will produce this year’s debt service from this year’s values (unadjusted) divided by the anticipated tax collection rate.
Rollback tax rate means the rate that will produce last year's maintenance and operation tax levy (adjusted) from this year's values (adjusted) multiplied by 1.08 plus a rate that will produce this year's debt service from this year's values (unadjusted) divided by the anticipated tax collection rate.
Rollback tax rate means a rate expressed in
More Definitions of Rollback tax rate
Rollback tax rate means a rate expressed in dollars per $100 of taxable value calculated according to the following applicable formula:
Rollback tax rate means the maintenance and operations tax rate that will produce the prior year’s total maintenance and operations tax levy (adjusted) from the current year’s values (adjusted) multiplied by 1.08, plus the debt service tax rate.
Rollback tax rate means a rate expressed in dollars per $100 of taxable value equal to the greater of the rates calculated according to the following formulas [formula]:
Rollback tax rate means the rate that will produce the previous year’s maintenance and operation tax levy (adjusted) from the current year’s values (adjusted) multiplied by 1.08 plus a rate that will produce the current year’s debt service from the current year’s values (unadjusted) divided by the anticipated tax collection rate.
Rollback tax rate means a rate expressed in dollars per $100 of taxable value calculated according to provided formulas for a small taxing unit and for a taxing unit other than a small taxing unit.
Rollback tax rate means a taxing unit's rollback tax rate in the applicable preceding tax year less the unused increment rate for that preceding tax year.
Rollback tax rate means the rate that will produce the preceding year’s maintenance and operation expenses paid from property and sales taxes (adjusted) from the present year’s values (adjusted) multiplied by 1.08 plus a rate that will produce the present year’s debt service requirements from the present year’s values (unadjusted) divided by the anticipated tax collection rate less the sales tax adjustment rate.